Transcript: National Security Adviser Gen. James Jones and Sen. John McCain, R-Ariz.

STEPHANOPOULOS: But the president has not ruled out bringing back military commissions try them, either, correct?

JONES: I think the - all options are on the table. The president has said that at some point there may be a multi-layered approach that has to be developed in order to solve this problem but it's clear that we want to maintain our values, we want to protect the judicial process and this president is not going to do anything that's going to make American safe - less safe by bringing people into the country that is going to put ourselves at risk. That is simply not going to happen.

STEPHANOPOULOS: Let me bring up the issue of gays in the military. The president has said he wants to reform that policy, allow gays to serve openly in the military and actually a remarkable letter from the president was released this week to Lieutenant Sandy Tsao, who was a serviceperson who was discharged from the military because she's a lesbian and there is this handwritten note I want to show our viewers right now from the president to Sandy in which he says, "Thanks for your wonderful and thoughtful letter.

STEPHANOPOULOS: It is because of outstanding Americans like you that I committed to changing our current policy. Although it will take some time to complete, partly because it needs congressional action, I intend to fulfill my commitment, Barack Obama."

Now, this is in the Congress right now. Will take legislation to completely overturn but some of the president's supporters like Congressman Rush Holt of New Jersey say that what the president can do right now is issue an executive order to review the policy and order the military to stop investigation and prosecutions while that review is going on, while the Congress is considering this legislation. Will the president issue such an order?

JONES: Well, that is, of course, up to the president. And this issue is something that has been brought up during the campaign. We have had preliminary discussions with the leadership of the Pentagon, Secretary Gates, the chairman of the Joint Chiefs, this is, as you know, George, better than most, this is an issue that is not going to be a light switch but more of a rheostat in terms of discussing it and building - having the discussions that have to be had with the military in order to make sure the good order and discipline of the military ...

STEPHANOPOULOS: And I understand that and this is a complicated issue.

JONES: So it's a complicated issue. It will be teed up (ph) appropriately and it will be discussed in the way the president does things, which is be very deliberative, very thoughtful, seeking out all sides on the issue and trying to ...

STEPHANOPOULOS: But if the president is against the policy, why not suspend prosecutions and investigations while that review continues?

JONES: Well, maybe that's an option that eventually we'll get to but we're not there now.

STEPHANOPOULOS: A lot of your former colleagues in the military, a thousand flag and general officers including 50 four stars have written a letter to the president opposing any change in the policy, saying that their past experience as military leaders make them concerned about it. They think it's going to have effect on morale, discipline, unit cohesion, what do you say to your former colleagues?

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